For two decades, software-as-a-service (SaaS) grew by digitizing workflows. Customer relationship management systems recorded sales activity. Field-service platforms scheduled jobs, retrieved customer histories, and fed upsell opportunities back into sales teams. The model created value by taking opaque or messy information and putting it in workers’ hands. Before AI coding tools, few buyers were positioned…
Eli Lilly said on Tuesday that it would buy three vaccine developers in deals collectively worth up to $4 billion, a move that signals a return to an area that had not been a major focus for the company in recent years. The three are Curevo, a Seattle-area company developing a vaccine against shingles; LimmaTech…
The British oil giant BP said on Tuesday that it had removed its chair, Albert Manifold, saying that the board had “serious concerns” about his leadership, less than a year after he was appointed. “The board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken…
Companies increasingly rely on more than one artificial intelligence model to power their software, for efficiency — and increasingly, for cost. That is driving demand, and investor interest, in a start-up that helps them do just that. The start-up, OpenRouter, which was founded three years ago, describes itself as a marketplace for A.I. models. It…
Everyone will know more, he told me, when Quantica signs a contract with a tech company to use the facility. That announcement could come by the end of the year. Besides, Mr. Peterson said, much of the apprehension over the data center comes from people who are afraid of A.I. more broadly, as if “Big…
Oil prices climbed on Tuesday, recovering some of the previous day’s losses, after the United States said it had carried out strikes on missile launch sites in Iran, casting doubt on the prospects of a peace deal. The strike followed signals from Israel that it planned to intensify its campaign against the Iranian-backed militant group…
Drivers for apps such as Uber and Lyft have unionized in Massachusetts, and will be represented by an organization that on Monday said it was the first officially recognized union in the United States to represent ride-share drivers. In a news release, the organization, the App Drivers Union, said it would represent nearly 70,000 workers…
Ferrari just pulled the cover off Luce, its first fully electric car. The five-seater is one of the biggest gambles in the Italian company’s history, arriving amid a string of missed targets and expensive promises by luxury carmakers to go electric. In Luce, Ferrari engineers believe that they have developed a sports car capable of…
When the Strait of Hormuz finally reopens, shipping companies will need to know which oil tankers get to start moving first, and who to ask for the go-ahead. Vessels will need guidance on routes. And there’s the question of the potential threat of mines in the strait. The United States and Iran are moving closer…
Toshifumi Suzuki, the convenience store pioneer who built 7-Eleven into a fixture of daily life in Japan, died last week of heart failure. He was 93. Seven & i, the Japanese operator of the 7-Eleven franchise where Mr. Suzuki served as an honorary adviser, confirmed his death on Monday. Over four decades leading 7-Eleven Japan,…
